PetSmart Execs Fetch $11 Million in Stock Sale

Insiders including the CFO sold 177,036 shares of the pet retailer.

Five PetSmart insiders including the chief financial officer sold 177,036 shares for $11,022,248, or $62.26 each, from March 11 through 28 after the pet retailer provided downbeat guidance for 2013.

CFO Chip Molloy sold all of his holdings at PetSmart (ticker: PETM) by exercising options and selling 53,433 shares for $3,322,131, and then following up by selling 8,192 shares for $509,952. Molloy's most recent previous transaction was...